SEC Form 4 · accession 0001019973-17-000003
EPLUS INC · PLUS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Eric D Hovde
Director
Period of report
Jun 2, 2017
Accepted (ET)
Jun 6, 2017 · 5:51 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001022408
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF2 | Jun 2, 2017 | S | 60 | $79.55 | D | 69,103 | D | |
| Common StockF2,F4 | Jun 2, 2017 | S | 5,000 | $79.55 | D | 42,698 | I | Footnote |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On June 2, 2017, Mr. Hovde, the reporting person, sold 60 shares of the common stock of ePlus Inc (the "Shares") at prices ranging from $79.50 to $79.65.
- F2Mr. Hovde, the reporting person, undertakes to provide upon request by the Securities and Exchange Commission staff, ePlus, or a security holder of ePlus, full information regarding the number of Shares sold at each separate price.
- F3Mr. Hovde is the managing member of Hovde Capital, Ltd., the general partner to Financial Institution Partners III, L.P. ("FIP III"). On June 2, 2017, FIP III sold 5,000 shares of the common stock of ePlus Inc (the "Shares") at prices ranging from $79.50 to $79.65.
- F4Mr. Hovde is the managing member of Hovde Capital, Ltd., the general partner to FIP III, which, after the transaction reported on this line, owns 25,198 Shares. Mr. Hovde is a trustee of The Eric D. and Steven D. Hovde Foundation, which owns 17,500 Shares.